Preliminary results for month from University of Michigan survey show dramatic decline in consumer views on the economy. The University of Michigan Index of Consumer Sentiment in mid-August was 70.2, down 13.5% from July and down 5.3% from August 2020 and critically below April 2020 at the start of the pandemic. Consumer sentiment is a […]

Concerns over inflation at highest levels in more than 50 years. Consumer sentiment fell in July, posting a monthly decline of 5.0% from June, falling to the lowest level since February, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 81.2 in July 2021 from June’s 85.5, and the […]

The Index of Consumer Sentiment is up over 8% compared to February in preliminary report. The University of Michigan Index of Consumer Sentiment rose in early March to its highest level in a year due to the growing number of vaccinations as well as the widely anticipated passage of the Biden Administration’s relief measures. The […]

Improved job prospects top concern of consumers. The relatively small recent loss in consumer confidence in February was concentrated among households with below median incomes, and focused on future economic prospects, according to the University of Michigan Surveys of Consumers. The worst of the pandemic may be nearing its end, but few consumers anticipate the […]

Preliminary Results from University of Michigan surveys showed relatively small declines in sentiment given resurgence in pandemic and political unrest. The University of Michigan Index of Consumer Sentiment declined in January compared to December and January last year based upon preliminary results for the month. The Index of Consumer Sentiment stood at 79.2, a decline […]

Election and COVID-19 resurgence weigh on consumers in University of Michigan survey. Consumer sentiment remained largely unchanged in October with gains in the prospects for the overall economy offset by declines in buying attitudes, according to the University of Michigan Surveys of Consumers. The expected improvements in the economy were largely driven by those who […]

Despite increase, substantial portion of population still suffering from job losses and reduced income. Consumer sentiment continued to improve in late September, with the Sentiment Index reaching its highest level in six months, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index was 80.4 in September, up from 74.1 in August […]

Consumer sentiment sank further in late July due to the continued resurgence of the coronavirus, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index was 72.5 in the July 2020 survey, down from 78.1 in June and well below last year’s 98.4. The Expectations Index fell to 65.9 in July, down […]